Are Companies That Buy Houses Better Than Selling Locally? Yes!

Choosing to sell your home to a company that buys houses can be a better alternative to the traditional route. While most of these companies won’t offer the full market value for your property, the trade-off is that they offer convenience, zero transaction fees, and an assurance that the sale won’t suddenly fall through at the last minute.

Here are some great reasons for you to sell your home to companies that buy homes instead of selling it locally:

1. Avoid Last-Minute Withdrawals

When you sell your home to company buyers such as those from https://www.nexushomebuyers.com, you don’t have to worry about accepting an offer only to find out a few weeks later that the buyer changed their mind or is unable to qualify for a loan.

One of the most stressful aspects of going through a traditional home sale is the hassle that comes from sales that fall through when you least expect it. When you work with a credible company buyer, you don’t need to be anxious about them pulling out of the deal once you’ve agreed to sell. As soon as the check is in your hands, the transaction is over and done with.

2. Avoid Contingency Clauses

In traditional home contracts, an offer to purchase typically comes with several contingency clauses to protect the buyer. These clauses are intended to give a potential home buyer the chance to back out in case there’s an issue with the house or if they suddenly change their mind.

Some examples of contingency clauses are the following:

• Offer is only valid if the mortgage is approved by the bank.
• Offer is only valid if the buyer’s current home is sold within the next 2 months.
• Offer is only good if the home inspection report shows positive results.

Although most company buyers will still require a home inspection, they are also more likely to prefer rundown homes that they can purchase at a discount. There’s no need for a contingency clause in this case their offer will reflect not just any defects they find, but unforeseen events as well. They shoulder any potential risk, which is also why they often buy homes below their current market rates.

3. Sell Your Home On An As-Is Basis

Selling locally often means that you have to identify and fix any issues with your home. This is because it’ll be hard for you to sell a run-down property that requires extensive repairs. However, renovation work, deep cleaning, or redecorating don’t just cost a pretty penny; they can also be time-consuming.

If you want to avoid paying for repairs, selling to company buyers is the way to go. They purchase homes on an as-is basis. They won’t be deterred by a house that is damaged or in a state that would normally make it difficult for you to attract conventional home buyers. In fact, many company buyers aim for run-down homes that they can purchase at a discount so that they can renovate and flip the home later on.

One thing to keep in mind is that if your home is damaged, don’t expect that you’d be able to sell it at the same market price as other pristine homes in your neighborhood. The company buyer will often send an inspector who will assess the extent of damage. The cost of repairs will be deducted from the purchase price.

4. Sell Quickly

When you sell locally, you have to wait for someone to make an offer and hope that things go well with the bank and with your realtors. This entire process can take months to years. In contrast, selling to a company buyer is a faster option. As soon as you accept their offer, you can get the check within a few days and they’ll handle the rest of the paperwork required.

Selling to reliable and trustworthy company buyers like Cream City Home Buyers is a great choice if you find yourself in the following situations:

• You need to sell quickly to prevent foreclosure or repossession
• You’re planning to move for work or personal reasons
• You want to begin the process of buying a new home as soon as possible
• You want to conclude the probate and inheritance proceedings quickly
• You need the money to pay for urgent financial obligations

5. Receive The Cash Payment Right Away

Unlike local home sales where you still need to wait for the buyer to get approved for their mortgage, company buyers can immediately pay for your home. As soon as you have agreed on the price, you’ll just have to complete the documentation for transferring your property. After that, you get the total amount right away.

Conclusion

Selling your home to companies that buy houses can be advantageous under certain circumstances. If you want to get the transaction completed in record time, this is definitely the best option for you.